Providence Equity Partners Acquires VivaGym Group
June 21, 2024
Providence Equity Partners has completed the acquisition of VivaGym Group from Bridges Fund Management. VivaGym, a leading operator of affordable gyms across Spain and Portugal with 104 clubs, over 315,000 members and more than 1,000 employees, will continue to be led by CEO Juan del Río Nieto while Providence supports its expansion across the Iberian Peninsula; Ares remains the group's primary lender.
- Buyers
- Providence Equity Partners
- Targets
- VivaGym Group
- Sellers
- Bridges Fund Management
- Industry
- Healthcare Services
- Location
- Andalusia, Spain
- Transaction Type
- Buyout
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